DrStool Posted September 7 Author Report Share Posted September 7 Hourly close above 4450 would break the downtrend. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 There's a try and fail. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 Comte cheese tastes like my sweatsocks smell after walking around in my hiking shoes all day on a hot day. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 Lower lows, lower highs continue. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 This hour they would need to get to 4453 to break that. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 Every rally attempt in September has crapped out in the fifth hour. That is, 5 up bars and they're done on the hourly chart. We're now in the fourth since the low. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 Sorry, I was wrong. Need to get to 4468. 4453 merely prolongs the current hourly uptrend. It doesn't break the last loop high. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 If they don't clear 4459 bears get the ball back. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 The Sept 15 coupon auction is posted at $1 billion higher than TBAC forecast. Might not seem like much, but this is extremely rare. As they continue to pound the market with around $30 billion per week in T-bills. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 5th bar. Make or break. Below 4441 is a downturn. Link to comment Share on other sites More sharing options...
potatohead Posted September 7 Report Share Posted September 7 $70 billion coming out of the RRP slush fund today...... https://www.newyorkfed.org/markets/desk-operations/reverse-repo Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 New upleg high on the 6th bar. That's different. Link to comment Share on other sites More sharing options...
DrStool Posted September 7 Author Report Share Posted September 7 But no conviction, no follow through, no trend break, no positive divergence at the last low. At minimum should pull back to test the low. Link to comment Share on other sites More sharing options...
potatohead Posted September 7 Report Share Posted September 7 Meteorologists are forecasting the strengthening of Hurricane Lee, which is presently roaring in the Atlantic. They anticipate it will transform into a major hurricane by Thursday and ultimately reach Category 4 status. Link to comment Share on other sites More sharing options...
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